Barclays PLC reiterated their buy rating on shares of Continental Resources, Inc. (NYSE:CLR) in a research note released on Thursday. They currently have a $53.00 price objective on the oil and natural gas company’s stock.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Continental Resources from a buy rating to a hold rating in a report on Monday, February 6th. BMO Capital Markets decreased their target price on shares of Continental Resources from $13.00 to $11.50 in a research report on Thursday, March 9th. Jefferies Group LLC upgraded shares of Continental Resources from an underperform rating to a buy rating and set a $60.00 target price on the stock in a research report on Tuesday, January 17th. KLR Group upgraded shares of Continental Resources from a hold rating to a buy rating and set a $59.00 target price on the stock in a research report on Tuesday, January 31st. Finally, Scotiabank decreased their target price on shares of Continental Resources from $15.00 to $14.00 and set an outperform rating on the stock in a research report on Thursday, March 9th. Nine equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $52.80.

Analyst Recommendations for Continental Resources (NYSE:CLR)

Shares of Continental Resources (NYSE:CLR) traded down 0.02% during midday trading on Thursday, hitting $43.23. The company had a trading volume of 2,617,358 shares. Continental Resources has a 12-month low of $34.43 and a 12-month high of $60.30. The company’s 50-day moving average price is $44.68 and its 200 day moving average price is $49.05. The company’s market capitalization is $16.02 billion.

Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Wednesday, February 22nd. The oil and natural gas company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Continental Resources had a negative net margin of 28.27% and a negative return on equity of 8.69%. The company earned $549.70 million during the quarter, compared to the consensus estimate of $583.45 million. During the same period in the previous year, the firm posted ($0.38) EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. Equities research analysts predict that Continental Resources will post $0.53 earnings per share for the current fiscal year.

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In related news, CFO John D. Hart sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $45.01, for a total transaction of $540,120.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Harold Hamm purchased 32,985 shares of Continental Resources stock in a transaction that occurred on Tuesday, March 28th. The shares were bought at an average price of $42.90 per share, for a total transaction of $1,415,056.50. The disclosure for this purchase can be found here. 76.97% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in CLR. FineMark National Bank & Trust boosted its position in shares of Continental Resources by 54.6% in the third quarter. FineMark National Bank & Trust now owns 2,319 shares of the oil and natural gas company’s stock valued at $121,000 after buying an additional 819 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Continental Resources during the third quarter valued at about $213,000. Private Advisor Group LLC bought a new position in shares of Continental Resources during the fourth quarter valued at about $220,000. GLG LLC boosted its position in shares of Continental Resources by 6.8% in the fourth quarter. GLG LLC now owns 4,366 shares of the oil and natural gas company’s stock valued at $225,000 after buying an additional 277 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Continental Resources by 61.7% in the third quarter. Synovus Financial Corp now owns 4,666 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 1,781 shares in the last quarter. Institutional investors own 23.17% of the company’s stock.

About Continental Resources

Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.

5 Day Chart for NYSE:CLR

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